2. Basis of Presentation and Significant Accounting Policies: Deferred Revenue (Policies)

6 Months Ended

Apr. 30, 2014

Policies

Deferred Revenue

Deferred Revenue

Deferred revenue includes amounts attributable to advances received on customer agreements, which may be billed either annually or quarterly. Revenues from such customer agreements are recognized as income ratably as services are provided.

The Company recognizes initial set-up fee revenues and associated costs on a straight-line basis over the estimated life of the customer relationship period, typically five years.